Winning technology could change the face of gas storage

NuMat Technologies has won the U.S. Department of Energy's National Clean Energy Business Plan Competition.

This win builds on NuMat's success at the Rice Business Plan Competition, Global Venture Labs Investment Competition and the Northwestern University Venture Challenge. NuMat has won more than $1 million in business-plan competition prizes for its development of a leading-edge clean technology that could change the face of the gas storage industry.

The technology allows for a more efficient and less expensive way to store and separate gases by using a proprietary material that holds natural gas the way a sponge holds a liquid.